The Digital Transformation: 2007 Forrester Business Media Research Study
The 2007 Forrester Research Study just released through American Business Media simultaneously examined more than 800 marketers who operate in the business media space and 800 end-users to provide an assessment of the current state and value of business-to-business media.
In summary, the report finds that:
• Business decision makers (BDMs) are shifting to digital media use at a faster rate than B2B marketers are adopting this media
• Industry-specific media are more effective at reaching BDMs than general business media
• While each of the key industry-specific media demonstrates unique strengths, they are most effective when used together in an integrated manner
• Industry-specific media extend the reach and effectiveness of the B2B marketer’s sales organization
• B2B marketers plan to underutilize industry-specific media in their future spending compared to BDM’s expected use of these media
Download the presentation from the American Business Media website.
Highlights of the findings:
- In 2007, business decision makers rely heavily on digital media
- 70% rely on industry-specific Web sites for their jobs. (#1 rank)
- Over 60% visit industry-specific Web sites to enhance their B2B media experience. (#1 rank)
- Over 75% have used or plan to use emerging media at work.
- Traditional industry-specific media remain highly relevant and valuable to BDMs – especially when compared to general media.
- Over 60% use industry-specific media on the job – more than any other option.
- Over 50% spend significant time with industry-specific B2B media. (3 hours or more with magazines, 5 days or more at tradeshows/conferences, 3 hours or more online)
- Over 80% find industry-specific content and advertising highly engaging
- BDMs find industry-specific media invaluable for informing and validating their business purchase decisions and helping them do their jobs better.
- 40% to 45% rely on traditional industry-specific media to validate purchase decisions – again, more than other options.
- Industry-specific media (digital, magazines, events) rank in the top 4 for providing objective information BDMs trust, and they are in the top 3 choices for helping them grow their businesses and excel at their jobs
- 64% of business decision makers visit the web site of an industry-specific business magazine that they read
- Over 85% of BDMs and marketers agree that B2B media are more effective when integrated together.
- Because they involve and engage BDMs, industry-specific media open doors for B2B sales and extend the reach of the sales organization.
- Over 80% agree that product messages in B2B media make them more receptive to salespeople.
- B2B marketers underutilize industry-specific media in their current media mix.
- B2B media command less than 30% of the overall marketing program budget.
- B2B marketers also plan to underutilize industry-specific media in their future spending compared to how to BDMs will use it. They will underutilize:
- Industry-specific Web sites 8%
- Industry-specific tradeshows and conferences 18%
- Industry-specific magazines 9%
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